iShares US Broker-Dealers & Securities Exchanges ETF
191 hedge funds and large institutions have $1.03B invested in iShares US Broker-Dealers & Securities Exchanges ETF in 2025 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 66 increasing their positions, 52 reducing their positions, and 21 closing their positions.
48% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 21
27% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 52
5% more capital invested
Capital invested by funds: $978M → $1.03B (+$53.4M)
4.71% more ownership
Funds ownership: 62.15% → 66.86% (+4.7%)
4% more funds holding
Funds holding: 184 → 191 (+7)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
3% less call options, than puts
Call options by funds: $2.08M | Put options by funds: $2.13M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIIFS
Harel Insurance Investments & Financial Services
Ramat Gan,
Israel
|
+$94.6M |
| 2 |
AC
AlphaCore Capital
La Jolla,
California
|
+$28.7M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$10.9M |
| 4 |
JF
Jump Financial
Chicago,
Illinois
|
+$7.87M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$5.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$26.6M |
| 2 |
Two Sigma Investments
New York
|
-$21.8M |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
-$10.1M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$6.81M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$5.33M |
IAI Hedge Fund Activity: Q4 2025 in Review
191 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in iShares US Broker-Dealers & Securities Exchanges ETF (IAI) for Q4 2025, worth a combined $1.03B — up 5.5% from $978M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new IAI positions and 21 closed out — a net gain of 10 holders — while 66 added to existing stakes and 52 trimmed.
The largest buyer was Harel Insurance Investments & Financial Services, adding an estimated $94.6M. The largest seller was Bank of America, cutting an estimated $26.6M.
- 191 institutional investors held iShares US Broker-Dealers & Securities Exchanges ETF (IAI) as of Q4 2025, up from 184 in Q3 2025.
- Funds reported $1.03B of iShares US Broker-Dealers & Securities Exchanges ETF stock for Q4 2025, up 5.5% quarter-over-quarter.
- 31 funds opened new iShares US Broker-Dealers & Securities Exchanges ETF positions in Q4 2025 and 21 closed out, a net change of +10 holders.
- The largest iShares US Broker-Dealers & Securities Exchanges ETF buyer in Q4 2025 was Harel Insurance Investments & Financial Services, an estimated $94.6M added.
- The largest iShares US Broker-Dealers & Securities Exchanges ETF seller in Q4 2025 was Bank of America, an estimated $26.6M sold.
Based on aggregated 13F filings for Q4 2025.